Infrastructure Development Company Limited (IDCOL) has become a signatory to the Partnership for Carbon Accounting Financials (PCAF), reinforcing its strong commitment to sustainability and climate action.
This strategic move establishes a robust framework for transparent sustainability reporting, enabling IDCOL to accurately measure and disclose greenhouse gas (GHG) emissions associated with its financing activities.
The Partnership for Carbon Accounting Financials (PCAF) is a global collaboration of financial institutions aimed at harmonizing the assessment and disclosure of GHG emissions linked to loans and investments.
With more than 700 financial institutions across six continents, PCAF is rapidly expanding its footprint in North America, Latin America, Europe, Africa, and the Asia-Pacific region.
By joining PCAF, IDCOL is adopting a globally recognized and harmonized standard for measuring and disclosing financed emissions, enhancing transparency and accountability in its operations.
The partnership will further strengthen IDCOL’s institutional mandate by leveraging data-driven insights to support Bangladesh’s transition toward a low-carbon and climate-resilient economy.
“Joining PCAF marks a significant milestone in our sustainability reporting journey. It will enable us to benchmark our portfolio against global standards and reinforces our commitment to financing green infrastructure that delivers tangible climate risk mitigation,” said Mr. Alamgir Morshed, Executive Director and CEO of IDCOL.
